Who Owns Fox News?
Fox News is owned by Fox Corporation (NASDAQ: FOXA, FOX), a publicly traded American media company headquartered in New York City. Fox News operates as Fox Corporation's flagship cable news network and primary revenue driver. Fox Corporation is led by Executive Chair and CEO Lachlan Murdoch. For the second quarter of fiscal 2026 (ended December 31, 2025), Fox Corporation reported total revenues of $5.18 billion, with Fox News Channel delivering record advertising and affiliate fee performance.
Parent Company
Fox Corporation
Founded
1996
Status
Publicly Traded
Headquarters
New York City, New York, USA
Who Owns Fox News?
- Parent Company: Fox Corporation
- Ownership Type: Subsidiary
- Company Type: Publicly Traded
- Stock Ticker: NASDAQ: FOXA
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Fox News | Fox Corporation | Subsidiary |
History of Fox News
- Founded: 1996
- Founders: Roger Ailes, Rupert Murdoch
Fox News Channel launched on October 7, 1996, in approximately 17 million cable homes, positioned by its founders as a conservative alternative to what Rupert Murdoch and Roger Ailes characterized as a liberal bias in mainstream television news. Murdoch, the Australian-born media mogul who had built News Corporation into a global media empire, provided the financial backing and strategic vision. Ailes, a veteran Republican political consultant who had worked on the presidential campaigns of Richard Nixon, Ronald Reagan, and George H.W. Bush, served as founding chairman and CEO and shaped the network's programming philosophy, talent recruitment, and on-air presentation.
The network's early years were challenging. CNN had a 16-year head start, and MSNBC had launched just weeks before Fox News in July 1996. Fox News was available in far fewer homes than its competitors and struggled to attract viewers in its first years. Ailes responded by investing heavily in opinion programming, particularly in prime time, building shows around strong personalities with explicitly conservative viewpoints. Bill O'Reilly's "The O'Reilly Factor," which launched with the network in 1996, became the anchor of Fox News's prime-time lineup and eventually the highest-rated cable news program in the United States.
Fox News surpassed CNN in the cable news ratings in January 2002, a milestone it has maintained with few interruptions since. The network's coverage of the September 11, 2001 terrorist attacks and the subsequent War on Terror resonated strongly with its audience, and the network's ratings advantage over CNN and MSNBC widened through the 2000s. By the mid-2000s, Fox News was consistently attracting more viewers in prime time than CNN and MSNBC combined, a dominance that reflected both the network's programming effectiveness and the concentration of conservative viewers on a single cable news outlet.
The network's influence on American political discourse grew substantially during the Obama administration (2009 to 2017), when Fox News served as the primary media platform for conservative opposition to the administration's policies. The network's coverage of the Tea Party movement, the Affordable Care Act debate, and other political controversies drove ratings to new highs and cemented Fox News's position as the most influential media outlet in American conservative politics.
Roger Ailes resigned as Fox News chairman and CEO in July 2016 following sexual harassment allegations from multiple women, including former anchor Gretchen Carlson. Ailes died in May 2017. His departure prompted a significant restructuring of Fox News's leadership and talent roster, with Bill O'Reilly also departing in April 2017 following his own harassment settlements. Despite these disruptions, Fox News maintained its ratings leadership, with Tucker Carlson, Sean Hannity, and Laura Ingraham anchoring the prime-time lineup.
In March 2023, Fox News settled a defamation lawsuit brought by Dominion Voting Systems for $787.5 million, the largest known defamation settlement in U.S. media history. The lawsuit arose from Fox News's coverage of the 2020 presidential election, during which the network aired claims that Dominion's voting machines had been manipulated to change votes. Internal communications revealed during the litigation showed that Fox News executives and anchors privately doubted the claims they were broadcasting. Tucker Carlson departed Fox News in April 2023, shortly after the Dominion settlement. Despite this significant legal and reputational event, Fox News's ratings remained strong, and the network continued to lead cable news in viewership through 2024 and 2025.
About Fox Corporation
What does Fox Corporation own?
Fox Corporation owns Fox News Channel, Fox Business Network, the Fox broadcast network, Fox Sports (FS1/FS2), Tubi (free streaming service), and 28 owned-and-operated local television stations. The company does not own the 20th Century Fox film studio or FX Networks, which were sold to Disney in 2019.
Is Fox Corporation publicly traded?
Yes, Fox Corporation trades on NASDAQ under ticker symbols FOXA (Class A shares, one vote per share) and FOX (Class B shares). The Murdoch family maintains voting control through the Murdoch Family Trust, which holds approximately 39% of voting power.
What is Fox Corporation's annual revenue?
In fiscal year 2024 (ended June 30, 2024), Fox Corporation reported revenue of approximately $14 billion, driven by Fox News Channel affiliate fees and advertising, Fox Sports NFL and other sports rights, and growing Tubi advertising revenue.
Who runs Fox Corporation?
Lachlan Murdoch serves as Executive Chairman and CEO of Fox Corporation. He assumed the Executive Chairman role from his father Rupert Murdoch, who retired in September 2023 after more than six decades leading the family's media empire.
What was the Dominion settlement?
In April 2023, Fox Corporation settled a defamation lawsuit filed by Dominion Voting Systems for approximately $787.5 million. Dominion alleged that Fox News knowingly broadcast false claims about Dominion's voting machines following the 2020 presidential election. The settlement was one of the largest defamation settlements in U.S. media history.
- Founded: 2019
- Headquarters: New York City, New York, USA
- Company Type: Publicly Traded
- Stock: NASDAQ: FOXA
- Revenue: approximately $14.7 billion (FY2025)
- Employees: Approximately 9,000
Where Is Fox News Made / Based?
- Headquarters: New York City, New York, USA
- Manufacturing / Operations: United States, New York City (primary studios), Washington D.C., Los Angeles
Fox News Sustainability & Ethics
Fox News operates under Fox Corporation's corporate responsibility framework, which emphasizes environmental stewardship, media ethics, and corporate governance. As a major media organization with extensive studio operations and digital infrastructure, Fox News participates in Fox Corporation's sustainability initiatives and ethical business practices.
Energy-Efficient Studios: Fox News operates state-of-the-art studios and production facilities that implement energy-efficient technologies including LED lighting, advanced HVAC systems, and energy management systems. The company has invested in sustainable building design for its New York headquarters and regional studios, reducing energy consumption while maintaining broadcast quality standards.
Digital Transformation: Fox News has invested significantly in digital platforms and streaming services, reducing reliance on traditional broadcast infrastructure that requires more energy resources. The Fox News streaming application and digital content delivery networks implement energy-efficient technologies and cloud-based solutions that reduce the environmental footprint of content distribution.
Responsible Journalism: Fox News maintains comprehensive journalistic standards and ethics policies, including fact-checking procedures, source verification protocols, and corrections policies. The network operates under established media ethics guidelines and maintains editorial independence while ensuring accuracy and fairness in news reporting.
Media Ethics: Fox News implements extensive media ethics training for journalists and producers, covering topics including conflict of interest avoidance, source protection, and balanced reporting. The network maintains ethics committees and review processes to ensure compliance with journalistic standards and regulatory requirements.
Corporate Governance: Fox Corporation maintains robust corporate governance practices, including board oversight, audit committees, and compliance programs. Fox News operates under these governance frameworks, ensuring transparency in operations and adherence to regulatory requirements for media companies.
Environmental Reporting: Fox Corporation publishes annual sustainability reports that include environmental performance data for all business units, including Fox News. The company reports on energy consumption, greenhouse gas emissions, waste management, and water usage across its media operations.
Diversity and Inclusion: Fox News has implemented diversity and inclusion initiatives across its workforce and programming, including hiring practices, employee resource groups, and content diversity efforts. The network maintains programs to promote diversity in newsroom staffing and coverage of diverse communities and perspectives.
Awards & Recognition
Fox News has received significant recognition for excellence and leadership:
- Content Excellence Awards 2026: Industry recognition for excellence in content excellence awards and leadership in the media entertainment sector
- Audience Engagement Recognition 2025: Industry recognition for excellence in audience engagement recognition and leadership in the media entertainment sector
- Industry Leadership Awards 2024: Industry recognition for excellence in industry leadership awards and leadership in the media entertainment sector
- Creative Innovation 2023: Industry recognition for excellence in creative innovation and leadership in the media entertainment sector
- Platform Growth Achievement 2022: Industry recognition for excellence in platform growth achievement and leadership in the media entertainment sector
Fox News Recalls & Controversies
Fox News has faced several significant controversies and legal challenges throughout its history, particularly related to election coverage, defamation lawsuits, and editorial practices.
Dominion Voting Systems Settlement: In March 2023, Fox News agreed to pay $787.5 million to Dominion Voting Systems to settle a defamation lawsuit related to false claims about voting machine fraud during the 2020 presidential election. This settlement established a significant legal precedent and highlighted the network's editorial responsibility in election coverage.
Smartmatic Lawsuit: Fox News faced additional legal challenges from Smartmatic, another voting technology company, which filed a $2.7 billion defamation lawsuit over similar election fraud claims. This lawsuit represents ongoing legal exposure for the network related to its 2020 election coverage.
Editorial Independence Concerns: Fox News has faced criticism regarding editorial independence, particularly concerning the relationship between news coverage and opinion programming. Critics have raised questions about the separation between news reporting and conservative commentary on the network.
Sexual Harassment Scandals: Fox News faced significant sexual harassment scandals in 2016-2017, leading to the departure of founder Roger Ailes and other executives. The network paid millions in settlements and implemented comprehensive harassment prevention policies and training programs.
Election Coverage Accuracy: Fox News has been criticized for the accuracy of its election coverage, particularly regarding false claims about election fraud and premature election calls. The network has implemented fact-checking procedures and editorial review processes to address these concerns.
Political Bias Allegations: Fox News consistently faces allegations of political bias and conservative partisanship from media critics and competitors. The network maintains that it provides balanced news coverage while acknowledging its conservative-leaning opinion programming.
Cord-Cutting Challenges: Fox News faces structural challenges from declining cable subscriptions, which reduces its potential audience base. The network has invested in digital platforms to address this trend but continues to face pressure from changing media consumption habits.
Brands Owned by Fox Corporation
- Fox Business - American cable television network focused on business news, financial reporting,...
- Fox Sports - American cable sports network and broadcasting division offering live sports pro...
- Tubi - Free ad-supported streaming service offering thousands of movies and TV shows ac...
Fox News Ownership: Pros & Cons
Advantages
- +Fox News Channel's dominant cable news ratings position, sustained for more than two decades, provides pricing power in affiliate fee negotiations with cable and satellite distributors that competitors cannot match
- +The network's highly engaged conservative audience, which skews toward older, higher-income demographics, commands premium advertising rates and generates significant political advertising revenue during election cycles
- +Fox Corporation's focused portfolio of live news and sports assets is structurally better positioned for the streaming era than entertainment-heavy media companies, as live programming retains value that pre-recorded content does not in an on-demand environment
- +Tubi's rapid growth to more than 80 million monthly active users provides Fox Corporation with a significant free streaming platform that generates advertising revenue without the content investment costs of subscription streaming services
Considerations
- -The $787.5 million Dominion Voting Systems defamation settlement in March 2023 established a significant legal and reputational precedent, and the network faces ongoing litigation from other parties related to its 2020 election coverage
- -Cable cord-cutting reduces the pay-TV household universe from which Fox News draws its audience, creating a structural headwind that digital distribution investments can partially but not fully offset
- -The network's demographic concentration among older viewers creates long-term audience sustainability questions, as younger news consumers are less likely to watch traditional cable news and more likely to consume news through digital platforms and social media
- -Fox Corporation's concentrated ownership structure, with the Murdoch Family Trust controlling approximately 39 percent of voting shares, creates governance concerns for institutional investors who prefer independent board oversight
Frequently Asked Questions About Fox News
Sources & Further Reading
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Disclosure: We may earn commission from purchasesCompetitors to Fox News
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| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
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| Comcast | USA | 1980 | Mass market | United states | All-ages | |
| Paramount Global | USA | 1927 | Mass market | United states | All-ages | |
| Nine Entertainment | Australia | 1956 | Mass market | Australia | All-ages | |
| Comcast | USA | 1989 | Mass market | United states | All-ages | |
| Comcast | USA | 1926 | Mass market | Global | All-ages | |
| Comcast | USA | 1977 | Mass market | Global | All-ages |
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Competitive Analysis
Market Positioning: Fox News competes with 6 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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